Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Compulsion misses the point: the pension needs of women

01.10.2004


The current debate about increasing the level of compulsory pension contributions is a contentious one for individuals, trade unions, employers and the state. While trade unions urge increased compulsion, and both employers and government resist this, the needs of a large section of society are being overlooked. Due to women’s typically lower pay, part time employment and interrupted careers while caring for others, compulsory additional payments into private pension schemes would not address the problem of women’s low pensions in retirement.



In his recent speech at the Labour Party Conference Gordon Brown quoted a poem with the lines:
“It is the hands of others who tend us when we’re sick and lift us up when we fall;
“It is the hands of others who bring us into the world and who lower us into the earth.”


These hands are usually female, yet it is these self-same hands that are most likely to suffer through policies to reduce the role of state pensions in favour of private. In state pensions, carers of children or other relatives receive credits towards the basic and second state pensions, but in private pension schemes there is no compensation for those providing unpaid care at the expense of their employment, earnings and pension entitlements.

Even where women are able to build a modest private pension, the low level of the basic state pension means that few women can escape the pensions poverty trap, in which the means tested Pension Credit effectively taxes any additional pensions at 40 per cent or more.

Dr Jay Ginn of the University of Surrey comments, ‘For women, who are the majority of the population, the debate about compulsion misses the point. Those whose careers combine employment with periods of unpaid family caring are disadvantaged in private pensions, whatever the level of compulsion. The injustice of female poverty and dependence in later life can only be tackled by substantially improving the level of state pensions.’

Stuart Miller | alfa
Further information:
http://www.surrey.ac.uk

More articles from Social Sciences:

nachricht Fixating on faces
26.01.2017 | California Institute of Technology

nachricht Internet use in class tied to lower test scores
16.12.2016 | Michigan State University

All articles from Social Sciences >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Wafer-thin Magnetic Materials Developed for Future Quantum Technologies

Two-dimensional magnetic structures are regarded as a promising material for new types of data storage, since the magnetic properties of individual molecular building blocks can be investigated and modified. For the first time, researchers have now produced a wafer-thin ferrimagnet, in which molecules with different magnetic centers arrange themselves on a gold surface to form a checkerboard pattern. Scientists at the Swiss Nanoscience Institute at the University of Basel and the Paul Scherrer Institute published their findings in the journal Nature Communications.

Ferrimagnets are composed of two centers which are magnetized at different strengths and point in opposing directions. Two-dimensional, quasi-flat ferrimagnets...

Im Focus: World's thinnest hologram paves path to new 3-D world

Nano-hologram paves way for integration of 3-D holography into everyday electronics

An Australian-Chinese research team has created the world's thinnest hologram, paving the way towards the integration of 3D holography into everyday...

Im Focus: Using graphene to create quantum bits

In the race to produce a quantum computer, a number of projects are seeking a way to create quantum bits -- or qubits -- that are stable, meaning they are not much affected by changes in their environment. This normally needs highly nonlinear non-dissipative elements capable of functioning at very low temperatures.

In pursuit of this goal, researchers at EPFL's Laboratory of Photonics and Quantum Measurements LPQM (STI/SB), have investigated a nonlinear graphene-based...

Im Focus: Bacteria harness the lotus effect to protect themselves

Biofilms: Researchers find the causes of water-repelling properties

Dental plaque and the viscous brown slime in drainpipes are two familiar examples of bacterial biofilms. Removing such bacterial depositions from surfaces is...

Im Focus: Hydrogen Bonds Directly Detected for the First Time

For the first time, scientists have succeeded in studying the strength of hydrogen bonds in a single molecule using an atomic force microscope. Researchers from the University of Basel’s Swiss Nanoscience Institute network have reported the results in the journal Science Advances.

Hydrogen is the most common element in the universe and is an integral part of almost all organic compounds. Molecules and sections of macromolecules are...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Dortmund MST Conference presents Individualized Healthcare Solutions with micro and nanotechnology

22.05.2017 | Event News

Innovation 4.0: Shaping a humane fourth industrial revolution

17.05.2017 | Event News

Media accreditation opens for historic year at European Health Forum Gastein

16.05.2017 | Event News

 
Latest News

New approach to revolutionize the production of molecular hydrogen

22.05.2017 | Materials Sciences

Scientists enlist engineered protein to battle the MERS virus

22.05.2017 | Life Sciences

Experts explain origins of topographic relief on Earth, Mars and Titan

22.05.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>